Investment , Acquisitions & Divestitures , Pipelines

Saudi Aramco Signs $12.4 Billion Pipeline Deal with EIG-led Consortium

The EIG-led group signed a lease and lease-back agreement with Aramco, acquiring the equity stake in the newly formed Aramco Oil Pipelines Co.

April 9, 2021

Investment , Health, Safety & Environment , Renewables

Bank of America to Deploy $1 Trillion for Sustainable Finance by 2030

Bank of America, which is the second largest U.S. bank, said the latest announcement puts its total commitment to sustainable finance by 2030 at $1.5 trillion.

April 9, 2021

Investment , Legislation , Emissions , Shale Plays

CEO of US Shale Giant Pushes to Incentivize Carbon Capture

Instead of a carbon tax, Vicki Hollub, CEO of U.S. shale producer Occidental Petroleum, says she prefers the use of tax credits incentivizing the development of carbon capture projects.

April 9, 2021

Investment , Exploration & Production , Legislation , Health, Safety & Environment

US House Bill Seeks $8 Billion for Abandoned Oil and Gas Well Cleanup

The bill authorizing $8 billion to plug and clean up abandoned oil wells nationwide is sponsored by Representative Teresa Leger Fernandez, whose home state of New Mexico is a major oil and gas producer.

April 8, 2021

Investment , Exploration & Production

Eni Plans to Invest $7 Billion in Angola over Next Four Years

The money will be invested by Eni and its joint venture partners in the country in exploration and production, refining and solar energy.

April 8, 2021

Investment , Digital Oilfield , Logistics

Andium Raises $15 Million in Funding Round Led by OGCI Climate Investments

Accelerates deployment of Andium’s next generation IIoT Remote monitoring capabilities focused on reducing emissions across the oil and gas sector.

April 8, 2021

Investment , Renewables , Acquisitions & Divestitures , Midstream

Buckeye Partners Buys Stake in US Renewable Energy Developer with New Partnership

The acquisition a majority stake in Swift Current Energy is being made as part of a new strategic partnership between Buckeye and Nala Renewables.

April 8, 2021

People , Investment , Policy & Regulations , Renewables

Canada’s Move Away from Fossil Fuels Threatens 450,000 Jobs

As countries around the world commit to reducing their emissions to meet global climate targets, advocates for a “just transition” say more must be done to ensure those working in fossil fuel industries are not left behind.

April 7, 2021

Investment , Exploration & Production , Emissions , Renewables

Carbon Tax Vital in Energy Transition, Oil Execs Say

While a carbon tax may drive certain desired behaviors during the energy transition, there is no one solution to the world’s emissions woes, oil industry executives say.

April 7, 2021

Private Equity , Investment , Health, Safety & Environment , Emissions , Shale Plays , Technology

Quantum, Capital Firms Invest in Denver-based Startup Project Canary

Driven by natural gas customer demand and broader ESG trends, Project Canary is working with nearly 100 partners across the energy sector, including investors, oil and gas producers, pipeline operators, utilities and LNG providers.

April 6, 2021